AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS) today
announced that the Company's Board of Directors has declared a quarterly
dividend of $0.40 per common share, which represents an increase of
2.6%. The common dividend will be payable on January 15, 2019 to
shareholders of record at the close of business on December 31, 2018.

In addition, the Board declared a dividend of $0.34375 per Series D
5.50% Preferred Share, and a dividend of $34.375 per Series E 5.50%
Preferred Share (equivalent to $0.34375 per depositary share). The
Series D Preferred Share dividend is payable on March 1, 2019 to
shareholders of record at the close of business on February 15, 2019.
The Series E Preferred Share dividend is payable on January 15, 2019 to
shareholders of record at the close of business on December 31, 2018.

About AXIS CapitalAXIS Capital, through its operating
subsidiaries, is a global provider of specialty lines insurance and
treaty reinsurance with shareholders' equity at September 30, 2018, of
$5.3 billion and locations in Bermuda, the United States, Europe,
Singapore, Middle East, Canada and Latin America. Its operating
subsidiaries have been assigned a rating of "A+" ("Strong") by Standard
& Poor's and "A+" ("Superior") by A.M. Best. For more information about
AXIS Capital, visit our website at www.axiscapital.com.